World Textile Group, Changzhou-based manufacturers of synthetic fabrics used mainly for outer wear and active wear, is exploring the Indian market. Mondy Qin, General Manager of World Textile Group says his company is planning to set up a bonded warehouse to cater to the growing needs of the retail market in India.
India is the fastest growing market after China in terms of export and retail. Many customers worldwide are looking at Indian sources as labour cost in China is going up. Qin said that World Textile Group has already set up an office in Bengaluru eight months ago, and is trying to increase its customer base. The company employs around 300 people has 450 machines which can produce up to three lakh metres of fabric per day. It is into garment manufacturing, mainly board shorts (used for surfing), walk shorts, shirts and outer wear exported to the US and European markets.
Qin further added that the group saw a turnover of $35 million in 2014 on the basis of its own brand Dunkelvolk and 15 stores in East China, besides presence in five e-Commerce portals like Alibaba. With its strong supply base in fabrics and garments, the company is exploring the Indian market not only for sales, but also in terms of buying garments for its brands.